Articles Posted in Fraud and Misrepresentation

Securities Fraud and Mismanagement Litigation, and FINRA Arbitration Lawyer, Russell L. Forkey, Esq. SEC v. Brian Gibson, Civil Action No. 0:11-cv-61458-WPD (U.S. District Court for the Southern District of Florida) SEC v. Douglas Newton and Real American Brands, Inc., n/k/a Real American Capital Corp., Civil Action No. 0:11-cv-61455-WJZ (U.S. District Court for the Southern District…

Securities Misrepresentation Federal and State Litigation and FINRA Arbitration Lawyer, Russell L. Forkey, Esq. June 28, 2011: SEC v. Michael E. Kelly, et al., Case No. 1:07-CV-4979 in the United States District Court for the Northern District of Illinois Court Enters Final Judgment Against Georgia Resident William K. Boston, Jr., Texas Resident Warren T. Chambers…

Florida Securities Fruad Litigation and FINRA Arbitration Attorney, Russell L. Forkey, Esq. June 3, 2011 Securities and Exchange Commission v. Ronald Abernathy, Arthur Weiss and Sovereign International Group, LLC, No. 1:11-cv-580 (W.D. Mich. June 3, 2011) The Securities and Exchange Commission charged Ronald Abernathy and Arthur Weiss with orchestrating a $560,000 securities fraud through their…

Investors Thinking About Trading Foreign Currency Contracts Consider the Following: The advertisements seem too good to pass up. They tout high returns coupled with low risks from investments in foreign currency (forex) contracts. Sometimes they even offer lucrative employment opportunities in forex trading. Do these deals sound too good to be true? Unfortunately, they are,…

South Florida Elder, Senior and Retirement Financial Abuse and Exploitation FINRA Arbitration and Litigation Attorney: Normally, we provide information like this post on our main website. However, because of the contents of this post, we thought that it would constitute interesting reading for seniors, their care givers, personal representatives and trustees. This post reflects the…

South Florida Variable and Fixed Annuity Fraud, Misrepresentation, Breach of Fiduciary Duty and Twisting FINRA Arbitration and Litigation Attorney: We recently were presented with the following factual situation. A single 82 year old, long retired woman received a “cold call” from a mortgage broker, who, after repeated telephone calls and visits to the woman’s home,…

Oil and Gas Fraud – Targeting Foregin Investors: In our continuing effort to keep foreign investors appraised on investment frauds directed toward them, we are providing you with a copy of a recent Securities and Exchange Commission litigation release concerning an investment that focused on individuals primarily located in Australia, England and Canada. We have…

South Florida Promissory Note Fraud, Misrepresentation, Unregistered Sale of Securities and Unsuitable Investment FINRA Arbitration and Litigation Attorney: A Brief Description of a Promissory Note and How the Scam Works: An investment scam that has been gaining in popularity among fraudsters is the sale of promissory notes, especially to seniors. Unlike many investments today, promissory…

Securities and Exchange Commission v. Pharma Holdings, Inc., Edward Klapp IV and Edward Klapp Jr. Civil Action No. 10-cv-81615 (S.D. Fla., filed December 22, 2010) The Securities and Exchange Commission on December 22, 2010 charged Jupiter, Florida-based Pharma Holdings, Inc., its CEO Edward Klapp IV, and its CFO Edward Klapp Jr., with violations of the…

South Florida Life Settlement Fraud, Misrepresentation, Breach of Contract and Breach of Fiduciary Duty FINRA Arbitration and Litigation Attorney: This post contains important information that should be considered and questions that should be asked by anyone contemplating entering into a life settlement transaction What is a life settlement? In a “life settlement” transaction, a life…